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Dealmaking surges past $5.8tn to highest levels on record

Private equity and Spacs fuel mergers and acquisitions activity as investment banking fees hit $157bn

Global mergers and acquisitions for 2021 have soared to their highest levels since records began more than four decades ago, thanks in part to booming markets and widespread stimulus measures.

Deals worth more than $5.8tn were agreed worldwide this year, according to figures from Refinitiv, a 64 per cent rise from last year and the fastest pace of growth since the mid-1990s. The value of deals was 54 per cent higher than in 2019 before the pandemic.

It marks out 2021 as an exceptionally busy year, even for an industry that has been accelerating for much of the past decade.

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